What are mortgage experts saying for the month of October? Fixed mortgage rates are in for a dip as investors seek out safe haven government of Canada bonds, while variable rates are staying put; there has been too little economic growth to warrant a Bank of Canada interest rate change.
Mortgages Spotlight: U.S. uncertainty drives investors to safe haven government of Canada bonds, driving yields and fixed mortgage rates moderately lower.
Another fixed rate mortgage increase from TD Canada Trust, hiking their 5 year fixed special offer to 3.39%.
Canada has been considered a ‘safe haven’ nation for investors as the world’s economy continues to be unstable. How do the bond markets of nations around the world impact our own economic growth?
Canadian bond yields are pointing south once again, and 5 year fixed mortgage rates have dropped to the 2.99 per cent as a result – the lowest since March of this year. What could the slide be attributed to? Well, the answer lies overseas – more specifically, Spain. As investors continue to turn away from euro zone markets, what do the implications hold for Canada?